uzbekistan trading partners


1 0 obj Imports increased by 20% while exports grew only by 10% - this widened the trade deficit to $5.8 billion. The China-Kyrgyzstan-Uzbekistan railway project was included in the list of priority integration infrastructure proje Uzbekistan leads among the CIS countries in terms of the number of new hydroelectric power plants launched over the p Uzbekistan plans to double uranium production in 2022-2030, up to 7,100 tons, which was stipulated in the July 14 dec Today, Tashkent hosted, under the chairmanship of Uzbekistan, the VIII meeting of the Council on Industrial Policy of A new Karakol free economic zone (SEZ) will be built in Bukhara province. The LPI uses standard statistical techniques to aggregate the data into a single indicator that can be used for cross-country comparisons. The values shown are midyear estimates. Uzbekistans trading data has shown a strong upward trend in recent years a vindication of President Shavkat Mirziyoyevs concerted efforts to open the countrys economy to the world. Polyethylene having a specific gravity >=0.94, Petroleum oils, etc, (excl. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. Gold continues to be an important resource of the country, comprising 24.7% of its total exports in 2021 (38.3% in 2020). You can search using keywords to narrow down the list. As of the start of 2022, more than 2,300 companies in Uzbekistan wereoperating with Russian capital. to open the countrys economy to the world. A .gov website belongs to an official government organization in the United States. A lock ( Uzbekistan has also been actively attracting Russian investment capital: the largest state industrial and energy companies of Uzbekistan have signed several billion-dollar loan agreements and MOUs with Russian state banks to finance their projects in the last few years. Data are in current U.S. dollars. Sign upfor Eurasianet's free weekly newsletter. Economic Policy & Debt: National accounts: Atlas GNI & GNI per capita, Difference between Exports of goods and services (current US$) and Imports of goods and services (current US$), Indicator codes: NE.EXP.GNFS.CD, NE.IMP.GNFS.CD, Difference between Exports of goods and services (% of GDP) and Imports of goods and services (% of GDP), Indicator codes: NE.EXP.GNFS.ZS, NE.IMP.GNFS.ZS. The country has good relations with all its neighbors, including Afghanistan. China was the top country in Uzbekistan's international trade on $ 621 million, with exports at $ 157.1 million and imports at 463.8 million dollars. Aircraft nes of an unladen weight exceeding 15, Harmonized System 1988/92, HS 1996, HS 2002, HS 2007, HS 2012, Effectively Applied Simple Average tariff (%), Specific duty expressions are estimated using UNCTAD Method (If available), Effectively Applied Duty Free Imports in thousands of US Dollar, Effectively Applied MaxRate (%) tariff; The highest tariff value at the tariff line level within the product category, Effectively Applied Weighted Average (%) tariff; The average of tariffs weighted by their corresponding trade value, Effectively Applied Duty Free Tariff Lines Share in percentage, 1) Tariff_AHS_DutyFreeLines]*100/[Tariff_AHS_TotalLines] 2) Specific duty expressions are estimated using UNCTAD Method (If available), The OTRI captures the trade policy distortions that each country imposes on its import bundle. 1) All traded products at HS 6 digits are considered for this computation. This site contains PDF documents. . this week show bilateral trade with Russia at $7.5 billion, slightly more than the $7.4 billion recorded with China. Almost all gas exports are usually bound for China. crude); preparation. Two major Uzbek banks have already confi On July 9, President Shavkat Mirziyoyev signed a decree On measures for stable provision of the economy and households with energy resources, financia At the International Congress Center in Tashkent City business district, President Shavkat Mirziyoyev delivered his address to the Senate and the Legislative President of Uzbekistan Shavkat Mirziyoyev signed a decree "On Uzbekistans Development Strategy ". 2) The data may not reflect the full numeric precision of the data point, as the numbers are rounded. Fitch Ratings affirmed Uzbekistans outlook as stable in April 2022, while S&P and Moodys have not updated their respective stable and positive outlooks on the country since summer 2021.

Uzbekistan runs a sizable trade deficit with Russia and China alike: $3.4 billion and $2.4 billion, respectively. With an estimated population of 35.5 million, Uzbekistan has the foundation needed to become a regional economic powerhouse: a dynamic, literate, and entrepreneurial population the largest in Central Asia; relatively good infrastructure; and the largest potential consumer market in the region. In the first five months of 2022, the two-way trade between Uzbekistan and the EU countries increased by 22%, while e A Provider of business solutions for the medical industry, K-DOD Korea Corp., announces the launch of the multi-functional Web Platform to connect Korean med With Earlyone innovative flow management solution, Uzbekistan is taking another step towards digital transformation. Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The governments declared economic policy prioritizes the attraction of private investments through improvement of Uzbekistans business climate, privatization, and liberalization of foreign trade. Uzbekistan monthly trade data, Please note the exports, imports and tariff data are based on reported data and not gap filled. Total number of products exported by a country at the Harmonized System six digit level in any given year. Other medicaments of mixed or unmixed products. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. State Statistics Committee figurespublishedthis week show bilateral trade with Russia at $7.5 billion, slightly more than the $7.4 billion recorded with China. From January to October of 2021, Uzbekistan exported over 4 billion cubic meters to China, sales worth a little over. Uzbekistans Constitution provides for a presidential system with separation of powers and a representative government. The railway could grant the Central Asian countries access to the Indian Ocean and significantly expand the regions access to global markets. I think this is all temporary. The status of these agreements may be at risk now that Russian aggression has triggered western sanctions on Russian banks, though as of June 22, Uzbekistans soum was being traded on the Moscow stock exchange. TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. Major Trade Partners (Uzbekistan official statistics, 2021): In 2021 Uzbekistans trade with the United States grew from $277 million to $424.6 million, establishing the United States as Uzbekistans 16th largest trade partner. r96J[~Tfn:rO5(BRz5=0BN{q?j+FjC}5D_R\xDZYrv[g _@ES(H}d%R+>)1?&5F>|[IT]jv<66zd#O.6MmFlQ_rH Z x4o]vS@0pV2edG:z}@k. 4 0 obj A locked padlock ) or https:// means youve safely connected to the .gov website. . endobj USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Comply with U.S. and Foreign Export Regulations. Although in truth, that latter year was anomalous in that it marked the peak, in economic fallout terms, of the COVID-19 pandemic. 1) Product 'Total' is used for this computation. ZK: The figure was under 2,000 for companies with Chinese capital. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Nonetheless, the three countries are still holding talks on implementation of the project. The Development Strategy of Uzbekistan for 2022-2026 was adopted in January 2022.

In May 2021, Deputy Prime Minister and Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov declared that the government had set its goal to increase per capita GDP from the current $1,700 to $2,500 by 2025, and $4,200 by 2030. International Trade Administration The $42.1 billion trade recorded in 2021, was a $5.8 billion increase on 2020. Due to the relatively low volume of trade between the United States and Uzbekistan, major capital purchases, such as Uzbekistan Airways acquisition of U.S.-made aircraft for its fleet, can cause significant variances in bilateral trade from year to year. China will soon regain its leadership position again, unless [Uzbekistan] joins the Eurasian Union, Mirzabayev told Eurasianet. Latest trade data available from various sources. LPI 2016 ranks 160 countries on six dimensions of trade -- including customs performance, infrastructure quality, and timeliness of shipments -- that have increasingly been recognized as important to development. Highlights, Uzbekistan's Development Strategy for 2017-2021 has been adopted following public consultation. For India NTM's in Chapter A and B are not covered. Measured in U.S. dollars, nominal GDP increased by 15.5%. On December 11, 2020, Uzbekistan joined the Eurasian Economic Union (EAEU) as an observer. Tariffs can be based on the MFN tariffs which applied to all trading partners, Services Service Policy Restrictive Database. Economic Policy & Debt: Balance of payments: Current account: Goods, services & income. In line with a notable economic growth, Uzbekistans trade surged by 16%, almost returning to pre-pandemic level of 2019. Registration Certificate No. 1132 of Uzbekistan Press and Information Agency, Kazakh President calls for new oil export routes after Russia suspends key pipeline, Maksim Shatskikh appointed Pakhtakor FC head coach, Tashkent hosts meeting of industry ministers of SCO member-states, NEGU and World Bank continue their collaboration to reform Uzbekistans electricity sector, $451 million worth of deal signed at maiden Uzbek-Turkmen Provinces Forum, Central Bank improves Uzbekistan's GDP forecast for 2022, Uzbekistan unemployment rate tops 9.2% as of April 1, Uzbekistans gold and foreign reserves increase, Uzbekistan doubles revenues from gas exports to China, 12 foreign companies sent bids for 200 MW wind power station in Karakalpakastan, Uzbekistan, Pakistan and Afghanistan launch Termez-Peshawar railway project, China-Kyrgyzstan-Uzbekistan railway project included in EAEUs priority projects, Uzbekistan became leader in terms of commissioned hydropower plants among CIS countries, Uzbekistan vows to double uranium production by 2031, MTO gas-chemical complex to be built in Bukhara province, K-DOD Korea Corp. announces the launch of its K-DOD Web Platform, New step towards digital transformation in Uzbekistan, Shavkat Mirziyoyev signs decree reforming oil & gas sector, Shavkat Mirziyoyev's address to the Parliament. Please check the, Latest trade data available from various sources, The data from various sources are not from the same year, For viewing trade, tariff data for country or region by year click here, Top 5 Products exports imports at HS 6 digit level, Overall Trade Restrictiveness Index (OTRI), Services Service Policy Restrictive Database (SPRD), Country Policy and Institutional Assessment (CPIA), GNI per capita, Atlas method (current US$). Number of countries from which a particular country imports data in any given year. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The Central Bank has revised its GDP projection for the current year. Almost all gas exports are usually bound for China. The ranking of economies on the ease of trading across borders is determined by sorting their distance to frontier scores for trading across borders. In practice, power is highly concentrated in the office of the president and the executive branch. Turkey - 266.1 million, exports - $ 121.6 million, imports - $ 144.5 million dollars; Korea - 213.4 million, exports - $ 2.3 million, imports - 211 million dollars; Kyrgyzstan - $ 60.3 million, exports - $ 51.3 million, imports - $ 9 million; Ukraine - $ 48.9 million, exports - $ 13.3 million, imports - $ 35.6 million; Germany - $ 45.3 million, exports - $ 5.7 million, imports - $ 39.5 million; India - $ 44.5 million, exports - $ 1.6 million, imports - $ 42.9 million; Tajikistan - 43.1 million, exports - 32.9 million, imports - $ 10.2 million. Russia and Ukraine were Uzbekistans largest and ninth largest trading partners in 2021. <> Starting in the early 2010s, Chinas trade with Uzbekistan surged, seemingly at the expense of Russia, whose trade was conversely slumping in the first half of the decade. % One recent development of note was Uzbekistans acquisition of observer status in the Moscow-led Eurasian Economic Union in December 2020, which has offered some impetus to Russian imports. As of the start of 2022, more than 2,300 companies in Uzbekistan were. LPI Score demonstrate comparative performancethe dimensions show on a scale (lowest score to highest score) from 1 to 5 relevant to the possible comparison groupsof all countries (world), region and income group. After winning his first Presidential election in 2016, he implemented a reform program to turn Uzbekistan from a closed, isolationist country to one eager to cooperate with its neighbors, as well as regional and global powers. For more information click, Number of products at HS 6 digit level that are affected in a particular year. The Tashkent Times. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. endobj Although in truth, that latter year was anomalous in that it marked the peak, in economic fallout terms, of the COVID-19 pandemic. In January 2022, Uzbekistan international trade topped $ 3.5 billion, with exports at $ 1.4 billion, and imports at $ 2.1 billion. Political analyst Farkhad Mirzabayev said he believes the COVID-19 pandemic may have played a decisive factor in putting the brakes on trade with China. (Source: State Statistics Committee, the Central Bank). The trend reversed somewhat toward the mid-2010s, with Russia and China almost always recording near-identical overall trade figures. Total Import/Export Value in thousands of US Dollars current value. Share sensitive information only on official, secure websites. For now, this has already resulted in a fall in Uzbekistans forecast 2022 GDP growth from 6% to 3.5-4%. APDF readeris available from Adobe Systems Incorporated. 1) Mirror Exports is considered for export data 2) All Countries except World and EUN are considered as partner group 3) Product 'Total' is used for this computation 4) The indicator is computed at reporter-partner level and aggregated to reporter level. The government started to implement reforms required for transition to a more transparent, competitive and market-based economy in 2017. However, after the Talibans takeover of Afghanistan in August 2021, such financing became regarded as close to impossible. Russian companies also lead in terms of their presence on the Uzbek market. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. 1401 Constitution Ave NW Uzbekistans international reserves grew only by $0.2 billion, reaching $35.1 billion, while external debt rose by $5.4 billion (16%). Uzbekistan runs a sizable trade deficit with Russia and China alike: $3.4 billion and $2.4 billion, respectively. The $42.1 billion trade recorded in 2021, was a $5.8 billion increase on 2020. Conversely, however, future data may be notably affected by a. by Uzbekistans government to halt natural gas exports. The Uzbekistan unemployment rate topped 9.2% in Q1, the spokesman to the Ministry of Employment and Labor Relations M Uzbekistan's foreign reserves increased by $157.5 million In June, while the gold reserves - by $39.8 million, the Ce Uzbekistan doubled its revenues from gas exports to China in six months, up to US$ 404 million, TASS reported with re 12 foreign companies sent applications for the call for bids for a 200 MW wind power station in Karakalpakstan. Uzbekistans economy demonstrated a robust growth of 7.4% in real terms, with GDP rising to 734.6 trillion Soum ($69.2 billion) in 2021. Zr@ D.[O. In 2014, Uzbekistan joined the CIS Free Trade Zone Agreement. sB@.MXu On April 9, 2021, the European Union accepted Uzbekistan as the ninth beneficiary of a General System of Preferences Plus (GSP+) trade arrangement, which removed tariffs on two thirds (6,200 titles) of the product lines covered by GSP in return for Uzbekistan implementing 27 ratified core international conventions on human and labor rights, environmental and climate protection, and good governance. Fresh official data from Uzbekistan has shown that Russia slightly edged out China as the Central Asian nations main trading partner in 2021. Hirschman Herfindahl index is a measure of the dispersion of trade value across an exporters partners. ]gB4(@Ek`JXy=>jIaa)n9Mx+k`4dV7co/oX8e#6m-\ +`C1;L{zAgT!P^@W Uh-B U:(``+FvA A, !A vh\2M^+|;C# 9 7JH^Y@_4PpTD=%Jt=u! In 2019, Uzbekistan did $42.2 billion of international trade, a figure that compares highly favorably with the $24.2 billion seen in 2016, the year in which the late and notoriously autarky-minded President Islam Karimov died. Secure .gov websites use HTTPS The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. Support Eurasianet:Help keep our journalism open to all, and influenced by none. It measures the uniform tariff equivalent of the country tariff and non-tariff barriers (NTB) that would generate the same level of import value for the country in a given year. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. Russia ceased buying gas from Uzbekistan in early 2020. Economic Policy & Debt: National accounts: US$ at current prices: Aggregate indicators. Also-rans in the overall trading stakes include Kazakhstan ($3.9 billion), Turkey ($3.4 billion), and South Korea ($1.9 billion). They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Facing a Foreign Trade AD/CVD or Safeguard Investigation? U.S. Department of Commerce .SzzG.d>e'>lSb6V$q[-[s][JBZ!0v!ucrg-shqHDB[!cY V4kDWj}K /S:K;V !,r?(2 One recent development of note was Uzbekistans acquisition of. Bribery is booming in Kazakhstan amid anti-corruption drive, Central Asia leaders' meeting fizzles as Tajiks, Turkmens refuse to sign treaty. +#cxpbg0!,y'-}&qQUJ4EB s <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> x]s63x)hy'oV>(jY8.H R;&]t]kw'hi:aNNn-N>\cd{ (r`9+`ewGG'8 8L*+ The key rate hike from 14% to 17% in March 2022 should help it cope with the risk of excessive inflation. Conversely, however, future data may be notably affected by arecent decisionby Uzbekistans government to halt natural gas exports.

Unfortunately, external factors now add uncertainty and pose increased risk to the countrys economic outlook. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Uzbekistan has continued its industrialization policy of importing new capital equipment to modernize its manufacturing sector and infrastructure, with the machinery and transport sectors accounting for 32.4% of the total volume of imports. Annual inflation remained double-digit in 2021: the GDP deflator was 13.6% and consumer price inflation was 10.8%, compared to a 2020 baseline. It is the first time that has happened since 2014. Tariffs can be based on the Applied tariffs, which takes into account the bilateral trade preferences, The ad valorem equivalent of NTB were estimated by Kee, Nicita and Olarreaga (EJ, 2009), The OTRI captures the trade policy distortions that each country imposes on its import bundle. Russian companies also lead in terms of their presence on the Uzbek market. The State Statistics Committee unveiled Uzbekistan trade partners in January. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Licensing Requirements for Professional Services, Development Strategy of Uzbekistan for 2022-2026, External debt, private and public (billion USD), Gross international reserves (billion USD).

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